Economic appraisal in Norwegian aviation |
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| Institution: | 1. Molde College, PO Box 308, 6401 Molde, Norway;2. Norwegian Institute of Transport Economics, PO Box 6110, Etterstad N-0602, Oslo, Norway;1. TIM S.p.A., Via Oriolo Romano, 240, Building B, 00189 Rome, Italy;2. Nokia Networks Italia, Energy Park 14, 20871 Vimercate, Italy;3. Dipartimento di Ingegneria dell’Informazione, Università Politecnica delle Marche, via Brecce Bianche 12, 60131 Ancona, Italy;4. TIM S.p.A., Via Guido Miglioli 11, 60131 Ancona, Italy;1. College of Information Science and Technology, Chengdu University of Technology, Chengdu 610059, China;2. State Key Laboratory of Geohazard Prevention and Geoenvironment Protection, Chengdu University of Technology, Chengdu 610059, China |
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| Abstract: | The Norwegian Civil Aviation Administration (NCAA) is responsible for investments and operations regarding the Norwegian airport system, and the air traffic management systems. This paper presents methods for economic appraisal in the aviation sector, proposed for use within the NCAA's jurisdiction. Methodological problems will be addressed, such as the handling of project risk and uncertainty, projects with mutual dependency, and projects influencing accident risks. The cost–benefit analysis methodology proposed here may give conflicting recommendations compared with financial analyses. This raises decision-making problems for public agencies like the NCAA. |
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